Important Watches, Pocket Watches and...

Noga Hilton Hotel, Nov 13, 2005

LOT 130

?Yi Ki-bung? Patek Philippe & Cie, Genève, No. 746102, case No. 692785, Ref. 2484. Made in 1956, sold on March 2nd, 1956. Sold by Patek Philippe?s South Korean agent and gifted to Yi Ki-bung, Vice president of South Korea. Very fine, extremely rare, and historically important, platinum gentleman's wristwatch with diamond-set dial and platinum brick link bracelet. Accompanied by the original fitted box.

CHF 85,000 - 110,000

EUR 55,000 - 70,000 / USD 65,000 - 85,000

C. Three-body, solid, polished, stepped and curved lugs. D. Matte silver set with 9 round and 3 baguette diamond indexes, subsidiary seconds dial. White gold "feuille" hands. M. Cal. 10-200, rhodium-plated, "fausses côtes" decoration, 18 jewels, straight line lever escapement, Gyromax balance, self-compensating Breguet balance-spring, "swan-neck" micrometer regulator. Dial, case and movement signed. Diam. 32 mm. Thickness 7 mm.


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Grading System
Grade:
Case: 3-7

Good

Oxidized

Movement: 3*

Good

Overhaul recommended, at buyer's expense

Dial: 8-01

Slightly scratched

HANDS Original

Notes

Provenance: the entourage of Yi Ki-bung. Yi Ki-bung Vice president of South Korea in 1960 under the presidency of Syngman Rhee, first president of South Korea. Politics during the Rhee regime (1948-60) essentially revolved around Rhee's struggle to remain in power and the opposition's efforts to unseat him. Constitutional provisions concerning the presidency became the focal point. Because Rhee's four-year term of office was to end in August 1952 under the 1948 constitution, an amendment to elect the president by popular vote had been railroaded through by his supporters. In March 1960, the Liberal Party managed to reelect Rhee and to elect Yi Ki-bung vice president by the blatant use of force. Rhee was reelected by default because his principal opponent had died while receiving medical treatment in the United States just before the election. The circumstances of the election touched off civil disorders, known as the April 19 Student Revolution, during which 142 students were killed by the police. As a result, Rhee resigned on April 26, 1960. The next day all four members of the Yi family died in an apparent suicide pact.